From the details given below, find out the credit sales and total sales.Opening debtors ....................45,000Closing debtors...................... 56,000Discount allowed................... 2,500Sales returns........................... 8,500Irrecoverable amount............ 4,000Bills receivables received..... 12,000Bills receivable dishonoured..... 3,000Cheque dishonoured............ 7,700Cash sales......................... 80,000Cash received from debtors....................... .2,30,000Cheque received from debtors........................ 25,000

From the details given below, find out the credit sales and total sales.Opening debtors ....................45,000Closing debtors...................... 56,000Discount allowed................... 2,500Sales returns........................... 8,500Irrecoverable amount............ 4,000Bills receivables received..... 12,000Bills receivable dishonoured..... 3,000Cheque dishonoured............ 7,700Cash sales......................... 80,000Cash received from debtors....................... .2,30,000Cheque received from debtors........................ 25,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...

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